ESCONDIDO, CALIF. — The Terraces, a 190-unit apartment complex in Escondido, has sold to Avanath Capital Partners LLC for $23.4 million. The community is located at 1301 Morning View Drive just north of San Diego. The seller was Escondido Terraces LC. The Section 42 property sale was executed by Jeff Kunitz of the Tax Credit Group of Marcus & Millichap and Raymond Choi of the firm’s San Diego office.
Western
SEATTLE – A 4,000-square-foot property in Seattle that is net leased to Young’s Market Company has sold to a limited liability company for $2 million. The retail property is located at 5900 15th Ave. Northwest in the city’s Ballard neighborhood. The space was previously occupied by Blockbuster. Dan Swanson and Dino A. Christophilis of Marcus & Millichap’s Seattle office represented both the buyer and the seller, a private investor, in this transaction.
MONTEREY, CALIF. – A 22,912-square-foot R&D/flex building in Monterey has sold to 21 Lower Ragsdale Partners, LLC for $3 million. The property is located at 21 Lower Ragsdale. It contains 16,628 square feet of office and 6,285 square feet of warehouse space. The building was 65 percent occupied at the time of sale. The seller, Salinas Valley Memorial Healthcare System, was represented by Wylie Mitchell and Greg Findley of Cassidy Turley.
PHOENIX — Mosaica Office Building, a 65,900-square-foot office building in the Phoenix submarket of Ahwatukee, has sold to BASIS Schools, Inc for $2 million. The Class C building is located at 10210 South 50th Place. The building was vacant at the time of the sale. College preparatory school BASIS Ahwatukee is scheduled to occupy the space in August 2013. The seller was Educational Facilities Acquisitions LLC. The transaction was executed by Eric Wichterman and Mike Coover of Cassidy Turley and Terry Warren of Arizona Charter Commercial Realty.
BOTHELL, WASH. — Canyon Park Highlands II and III, a pair of life science research/office buildings in Bothell, have sold to Senior Housing Properties Trust for $38 million. The 144,900-square-foot properties are located on 30thDrive about 20 miles northeast of Seattle. The buildings serve as the headquarters of Seattle Genetics, one of the city’s largest biotechnology companies. The seller, Washington Capital Management Inc., was represented by Lori Hill,Stuart WilliamsandAnn Chamberlinof Jones Lang LaSalle’s Capital Markets team and Daniel SegerandMark Flippo, leasing and market specialists with the firm.
BOTHELL, WASH. – The 524-unit Northcreek Apartments in Bothell has sold to Grosvenor Americas for an undisclosed sum. The community is located at 11401 3rd Ave. about 20 miles northeast of Seattle. The seller was represented by Pete Shelton and Kim Grant of Cushman & Wakefield.
PHOENIX – The 30-unit Indigo multifamily community in the Phoenix submarket of Ahwatukee has sold to Goodman Real Estate for $4.2 million. The fractured Class A condominium is located at 16160 S. 50th Street. Though 17 of Indigo’s units had previously sold as condos, the new owner plans to pursue these assets as well. The community can also hold an additional 78 units, which Goodman plans to develop soon. The seller, Sabal Financial Group, was represented byJohn Cunninghamand Charles Steeleof the Jones Lang LaSalle Phoenix Capital Markets Team.
LOS ANGELES — Premier Business Centershas leased the 12th floor at The Wilshire Landmark I building in the Los Angeles submarket of Brentwood. The building is located at 11755 Wilshire Blvd. The office space and executive suites operator will occupy 28 executive suites and office spaces, two meeting rooms, a kitchen, business lounge and reception area.
BOTHELL, WASH. — Canyon Park Highlands II and III, a pair of life science research/office buildings in Bothell, have sold to Senior Housing Properties Trust for $38 million. The 144,900-square-foot properties are located on 30th Drive about 20 miles northeast of Seattle. The buildings serve as the headquarters of Seattle Genetics, one of the city’s largest biotechnology companies. The seller, Washington Capital Management Inc., was represented by Lori Hill, Stuart Williams and Ann Chamberlin of Jones Lang LaSalle’s Capital Markets team and Daniel Seger and Mark Flippo, leasing and market specialists with the firm.
BOTHELL, WASH. – The 524-unit Northcreek Apartments in Bothell has sold to Grosvenor Americas for an undisclosed sum. The community is located at 11401 3rd Ave. about 20 miles northeast of Seattle. The seller was represented by Pete Shelton and Kim Grant of Cushman & Wakefield.